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Business Description
The New York Times Company is a diversified media company that includes newspapers, television and radio stations, electronic information and publishing, Internet businesses, and forest products investments. The Company classifies its businesses into Newspapers; Broadcasting and New York Times Digital segments. The Company's Newspaper segment includes The New York Times, The New England Newspaper Group, and the Worcester Telegram & Gazette, and 15 other regional newspapers. The Broadcasting segment includes television stations WREG-TV, WTKR-TV, KFOR-TV, WNEP-TV, WHO-TV, WHNT-TV, WQAD-TV, and KFSM-TV, and radio stations WQXR(FM) and WQEW(AM). The New York Times Digital segment includes the Company's digital business division, including NYTimes.com, Boston.com, and the licensing of electronic databases through its Digital Archive Division.

Financial Information
New York Times Co. is a diversified media company including newspapers, magazines, television and radio stations, electronic information and publishing and interests in forest products. For the six months ended 6/30/02, revenues decreased 2% to $1.51 billion. Net income from continuing operations rose 58% to $133.2 million. Results reflect decreased advertising revenues attributable to a slowing U.S. economy, offset by a decrease in selling, general and administrative expenses.